Turkish President Recep Tayyip Erdogan on Wednesday publicly defended himself for the first time against charges that he oversaw the illegal depletion of the country's central bank reserves. Opposition parties have turned "Where is the $128 billion?" into a political slogan after the central bank used vast sums to try and support the lira while it fell to historic lows against the dollar and euro in the past two years. Economists say the purchases fell within the Turkish government's remit but were not fully transparent because they did not appear clearly on the central bank's and the finance ministry's balance sheets. Analysts say the use of select state banks in the purchases further clou
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